$50,000 Average
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How can a $20/hr working person or family afford a $50,000 ride?
https://www.motor1.com/news/659311/toyota-executive-thinks-average-new-car-prices-top-50000-2023/
@Jolly a $20/hr working person probably shouldn't buy an 'average priced' car. We sure wouldn't.
Currently, according to Google the 'average' price of a used car in Rhode Island is $33.9K, which is more than we paid for a new one.
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Wouldn't have a Civic with that CVT transmission. When it goes (and it will), nobody knows how to work on the darn things.
Secondly, a Civic is a great size for a commuter car. Family car, not so much.
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Wouldn't have a Civic with that CVT transmission. When it goes (and it will), nobody knows how to work on the darn things.
Secondly, a Civic is a great size for a commuter car. Family car, not so much.
The 'average' (mean) salary in the US in 2021 was $97K, which is a lot more than $20/hr.
I was only joking
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The 'average' (mean) salary in the US in 2021 was $97K, which is a lot more than $20/hr.
@Doctor-Phibes said in $50,000 Average:
The 'average' (mean) salary in the US in 2021 was $97K, which is a lot more than $20/hr.
Some interesting stats...
https://www.indeed.com/career-advice/pay-salary/average-salary-in-us
“Cry havoc and let slip the DOGE of war!”
Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton
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@Doctor-Phibes said in $50,000 Average:
The 'average' (mean) salary in the US in 2021 was $97K, which is a lot more than $20/hr.
Some interesting stats...
https://www.indeed.com/career-advice/pay-salary/average-salary-in-us
@Jolly said in $50,000 Average:
@Doctor-Phibes said in $50,000 Average:
The 'average' (mean) salary in the US in 2021 was $97K, which is a lot more than $20/hr.
Some interesting stats...
https://www.indeed.com/career-advice/pay-salary/average-salary-in-us
Read somewhere that the median is closer to $70k in 2021.
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@Doctor-Phibes said in $50,000 Average:
The 'average' (mean) salary in the US in 2021 was $97K, which is a lot more than $20/hr.
Some interesting stats...
https://www.indeed.com/career-advice/pay-salary/average-salary-in-us
@Jolly said in $50,000 Average:
@Doctor-Phibes said in $50,000 Average:
The 'average' (mean) salary in the US in 2021 was $97K, which is a lot more than $20/hr.
Some interesting stats...
https://www.indeed.com/career-advice/pay-salary/average-salary-in-us
OK. She doesn't clarify what she means by 'average'. I was being deliberately misleading by quoting the mean salary, when it's really the median that we should look at.
Still, the point stands. If you can't afford a brand new $50K car, there are plenty of other options. I've never spent that much on a car in my life. When we first came to the US, and lived in a rented apartment block, I was surprised by how many people there seemed to drive really nice cars. I guess it's a priority decision - you can rent an apartment and drive a BMW, but why would you?
This isn't to say that lower paid folk don't have it tough, but not being able to afford a 50 grand car probably isn't their biggest problem.
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@Jolly said in $50,000 Average:
@Doctor-Phibes said in $50,000 Average:
The 'average' (mean) salary in the US in 2021 was $97K, which is a lot more than $20/hr.
Some interesting stats...
https://www.indeed.com/career-advice/pay-salary/average-salary-in-us
OK. She doesn't clarify what she means by 'average'. I was being deliberately misleading by quoting the mean salary, when it's really the median that we should look at.
Still, the point stands. If you can't afford a brand new $50K car, there are plenty of other options. I've never spent that much on a car in my life. When we first came to the US, and lived in a rented apartment block, I was surprised by how many people there seemed to drive really nice cars. I guess it's a priority decision - you can rent an apartment and drive a BMW, but why would you?
This isn't to say that lower paid folk don't have it tough, but not being able to afford a 50 grand car probably isn't their biggest problem.
@Doctor-Phibes said in $50,000 Average:
@Jolly said in $50,000 Average:
@Doctor-Phibes said in $50,000 Average:
The 'average' (mean) salary in the US in 2021 was $97K, which is a lot more than $20/hr.
Some interesting stats...
https://www.indeed.com/career-advice/pay-salary/average-salary-in-us
OK. She doesn't clarify what she means by 'average'. I was being deliberately misleading by quoting the mean salary, when it's really the median that we should look at.
Still, the point stands. If you can't afford a brand new $50K car, there are plenty of other options. I've never spent that much on a car in my life. When we first came to the US, and lived in a rented apartment block, I was surprised by how many people there seemed to drive really nice cars. I guess it's a priority decision - you can rent an apartment and drive a BMW, but why would you?
This isn't to say that lower paid folk don't have it tough, but not being able to afford a 50 grand car probably isn't their biggest problem.
Lad, you're missing another point...leases.
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@Doctor-Phibes said in $50,000 Average:
@Jolly said in $50,000 Average:
@Doctor-Phibes said in $50,000 Average:
The 'average' (mean) salary in the US in 2021 was $97K, which is a lot more than $20/hr.
Some interesting stats...
https://www.indeed.com/career-advice/pay-salary/average-salary-in-us
OK. She doesn't clarify what she means by 'average'. I was being deliberately misleading by quoting the mean salary, when it's really the median that we should look at.
Still, the point stands. If you can't afford a brand new $50K car, there are plenty of other options. I've never spent that much on a car in my life. When we first came to the US, and lived in a rented apartment block, I was surprised by how many people there seemed to drive really nice cars. I guess it's a priority decision - you can rent an apartment and drive a BMW, but why would you?
This isn't to say that lower paid folk don't have it tough, but not being able to afford a 50 grand car probably isn't their biggest problem.
Lad, you're missing another point...leases.
@Jolly said in $50,000 Average:
@Doctor-Phibes said in $50,000 Average:
@Jolly said in $50,000 Average:
@Doctor-Phibes said in $50,000 Average:
The 'average' (mean) salary in the US in 2021 was $97K, which is a lot more than $20/hr.
Some interesting stats...
https://www.indeed.com/career-advice/pay-salary/average-salary-in-us
OK. She doesn't clarify what she means by 'average'. I was being deliberately misleading by quoting the mean salary, when it's really the median that we should look at.
Still, the point stands. If you can't afford a brand new $50K car, there are plenty of other options. I've never spent that much on a car in my life. When we first came to the US, and lived in a rented apartment block, I was surprised by how many people there seemed to drive really nice cars. I guess it's a priority decision - you can rent an apartment and drive a BMW, but why would you?
This isn't to say that lower paid folk don't have it tough, but not being able to afford a 50 grand car probably isn't their biggest problem.
Lad, you're missing another point...leases.
Well, sure, they're a bit cheaper. It's still a matter of priorities. A lease on BMW isn't cheap, whatever they say in the commercials.
My point is that nobody actually needs a $50,000 car. They might want one, but they don't need it. Particularly if they're earning $20/hr.
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Explain that to these people...
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Explain that to these people...
@Jolly said in $50,000 Average:
Explain that to these people...
Right, so the poorest town in America has people who can't afford a brand new car. Who would have imagined such a thing?
Were they really rich until Joe Biden became President? I'm assuming that's the point of this discussion, because you don't normally have much sympathy for people earning minimum wage and their inability to live the American Dream,
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The 'average' (mean) salary in the US in 2021 was $97K, which is a lot more than $20/hr.
@Doctor-Phibes said in $50,000 Average:
The 'average' (mean) salary in the US in 2021 was $97K, which is a lot more than $20/hr.
Mean /= median.
If Bill Gates walks into a soup kitchen the average net worth might go from $25 to $40MM. The median stays at $25.
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@Doctor-Phibes said in $50,000 Average:
The 'average' (mean) salary in the US in 2021 was $97K, which is a lot more than $20/hr.
Mean /= median.
If Bill Gates walks into a soup kitchen the average net worth might go from $25 to $40MM. The median stays at $25.
@jon-nyc said in $50,000 Average:
@Doctor-Phibes said in $50,000 Average:
The 'average' (mean) salary in the US in 2021 was $97K, which is a lot more than $20/hr.
Mean /= median.
If Bill Gates walks into a soup kitchen the average net worth might go from $25 to $40MM. The median stays at $25.
Yes, I know - that was my point earlier. The term 'average' is imprecise. The article Jolly quoted doesn't say which average she is using, and neither did the car article. The price of an average car isn't necessarily the same as the average price of a car.
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Do y'all even know any average folk?
“Cry havoc and let slip the DOGE of war!”
Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton
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@Jolly said in $50,000 Average:
Do y'all even know any average folk?
Median?
Because I know a whole bunch of mean people.
We East Coast elite types have servants who meet average people on our behalf.
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@Axtremus said in $50,000 Average:
Yes. Do you not?
Are you friends with anybody that makes $30k/yr?
“Cry havoc and let slip the DOGE of war!”
Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton
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@Axtremus said in $50,000 Average:
Yes. Do you not?
Are you friends with anybody that makes $30k/yr?
@Jolly said in $50,000 Average:
@Axtremus said in $50,000 Average:
Yes. Do you not?
Are you friends with anybody that makes $30k/yr?
At the risk of a flex, I'd say income diversity is pretty high among the folks I hang out with regularly.
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@Axtremus said in $50,000 Average:
Yes. Do you not?
Are you friends with anybody that makes $30k/yr?
@Jolly said in $50,000 Average:
@Axtremus said in $50,000 Average:
Yes. Do you not?
Are you friends with anybody that makes $30k/yr?
How is that average? The median wage in Massachusetts is about $65K.
But yes, as it happens.
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I'm not shocked, but I am a little surprised.
The gist of this thread is about how buying a new car is becoming increasingly difficult for working people. $15/hr is a hair over $31,000/year, provided a person works 40 hour weeks and has some sort of PDO to address an occasional sick day or a few vacation days. Maybe it's because I live in a poorer state, but I know a good many working people that make that kind of money or just a bit more.
Even with both parents working, with one maybe having a bit better job, that's not an easy life. It may be middle class, but it's on the lower level. It's hard to find a home down here in a decent school district for less than $200k. Something like a Santa Fe or an Equinox is $30k, if you can find a base model (hard to find base models right now). Throw in the current interest rate, cost of food, cost of insurance, energy bills and just everyday life, it's hard on that family.
But let's go back to the single person making $30k. One BR apartment is $800/month or more. Even an econobox is $25k after taxes (again, if you can find a base model). Throwin food, fuel, energy costs and everyday expenses...I think $30k/year just barely gets you into the middle class.
“Cry havoc and let slip the DOGE of war!”
Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton
